09 Jul 2026

Nestle Business Solutions (NBS) has announced the establishment of a Global Capability Centre (GCC) in Hyderabad in partnership with Genpact. The new centre will support Nestle's global operations by leveraging artificial intelligence, automation, data analytics and digital technologies. It will operate under Nestle Business Services India Private Limited and strengthen the company's global business support capabilities. The initiative also reinforces Hyderabad's position as a preferred destination for multinational companies establishing Global Capability Centres in India.Read more

09 Jul 2026

Speciality Restaurants Limited has expanded its hospitality portfolio with the launch of Gong, a premium Pan Asian restaurant in Mumbai's Bandra. The new outlet marks the company's focus on modern, experience-driven dining concepts designed to appeal to evolving consumer preferences. Gong combines progressive Asian cuisine, contemporary interiors and premium hospitality while introducing a scalable restaurant format with higher average spending potential and operational efficiency. The launch also reflects the company's broader strategy of strengthening its presence across premium dining segments while building future-ready hospitality brands alongside its established restaurant portfolio.Read more

09 Jul 2026

Eastnine AB has signed an agreement with Belgian developer Ghelamco to acquire The Bridge, a 40-storey office tower in Warsaw, at an underlying property value of EUR 300 million. The preliminary purchase price is about EUR 260 million, with the transaction expected to close in the fourth quarter of 2026, subject to financing and customary conditions. The acquisition will make Warsaw Eastnine’s largest market and is expected to increase its profit from property management per share by 20% once all tenants have occupied their premises.Read more

09 Jul 2026

• UAE-based developer Arada has launched Arada Capital, a dedicated fund management platform targeting USD 5 billion in assets under management (AUM) within the next four years.
• The platform will initially offer institutional and qualified investors access to real estate investment opportunities across Arada's existing developments and strategic partnerships, with expansion planned across the UAE, Saudi Arabia and other Middle Eastern markets.
• Over time, Arada Capital will diversify beyond real estate into infrastructure and broader private market investment strategies, broadening its investment portfolio.
• The platform will operate from the Abu Dhabi Global Market (ADGM), subject to final regulatory approvals, and will be led by Moustafa Fahour, former executive at Plenary, UBS and Citigroup, as CEO and Managing Director.Read more

09 Jul 2026

• Confidence among lenders financing Germany's commercial real estate sector fell sharply in the second quarter of 2026, with BF.direkt's financing barometer dropping to -25.97 from -9.74 in the previous quarter.
• The decline has been largely attributed to the Iran conflict, which triggered higher energy prices, renewed inflationary pressures and growing expectations of further interest rate increases.
• More than 46% of survey respondents reported that financing conditions had deteriorated, reflecting weaker appetite among lenders to fund commercial real estate projects.
• The findings highlight the continued vulnerability of Germany's property market, which has been struggling to recover since the steep rise in interest rates in 2022, despite signs of gradual stabilisation in commercial property prices.Read more

09 Jul 2026

Smartworks Coworking Spaces Ltd has acquired Singapore-based Workstudio Spaces Pte. Ltd as part of its international expansion strategy. The acquisition increases the Gurugram-based managed workspace operator's footprint in Singapore to four operational centres, spanning around 76,000 sq ft with a seating capacity of more than 1,500. The transaction also adds over 45 enterprise clients to its Singapore portfolio. Smartworks, which operates 66 centres across 15 cities in India and Singapore with a portfolio of 16.1 million sq ft, did not disclose the acquisition value. The expansion comes amid growing demand for managed flexible office spaces and follows the company's return to profitability in FY26.Read more

09 Jul 2026

• Tier-II cities are increasingly driving India's housing market, supported by infrastructure development, expanding service-sector employment and improving economic activity.
• Developers have maintained healthy inventory levels by moderating new project launches, reducing the risk of oversupply and sharp price corrections.
• Housing demand has diverged across cities, with some emerging as premium residential markets while others continue to be driven by affordable and mid-segment housing.
• The report highlights that infrastructure growth, affordability, developer quality and financing trends will shape the next phase of expansion in Tier-II residential markets.Read more

09 Jul 2026

Hexaware Technologies has entered into a strategic partnership with US-based rental housing technology provider SmartRent Inc. to implement AI-led customer support, revenue management and sales process automation. The collaboration will focus on three areas: AI-enabled customer experience, an intelligent bill-to-cash platform and deployment of Salesforce Revenue Cloud Advanced. According to the companies, the initiative is intended to improve customer support, streamline revenue operations and enhance sales efficiency through automation and AI-powered workflows. The partnership reflects the growing adoption of artificial intelligence and cloud technologies within the rental housing technology sector to improve operational performance and customer engagement.Read more

09 Jul 2026

The Bombay Chamber of Commerce & Industry, in collaboration with the Brihanmumbai Municipal Corporation (BMC), organised the Namaste Mumbai Conclave 2026 and The Grand CivicTech Fund Quest in Mumbai earlier this month. The event brought together government officials, industry leaders, investors, academicians and entrepreneurs to discuss Mumbai's future as a creative, cultural and innovation-driven city. Alongside panel discussions on urban development and city branding, the conclave featured a CivicTech startup competition aimed at supporting technology-led solutions for urban governance. Niramai Health Analytix Pvt. Ltd. emerged as the winner of the competition, while BMC highlighted its efforts to foster civic innovation through its SMILE incubation programme.Read more

08 Jul 2026

BHP Group has agreed to transfer its San Manuel property in Arizona to Canada's Faraday Copper Corp in exchange for a 30% equity stake, strengthening its exposure to the Copper Creek copper project. Following the transaction, BHP's total holding in Faraday is expected to increase to around 32.5%, including shares acquired through a private placement earlier this year. The companies believe combining San Manuel's infrastructure with the adjacent Copper Creek project could support investment, job creation and domestic copper production in the United States, subject to technical studies and regulatory approvals.Read more

08 Jul 2026

Furniture and appliance rental platform Rentomojo Ltd has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO). The offering comprises a fresh issue of equity shares worth up to INR 150 crore and an offer for sale (OFS) of up to 2.84 crore equity shares by existing shareholders. According to the draft red herring prospectus (DRHP), the company plans to utilise the proceeds from the fresh issue towards debt repayment, warehouse lease expenses and general corporate purposes. The regulatory approval marks a key step in the company's plans to access the public markets.Read more

08 Jul 2026

Indian Hotels Company Ltd (IHCL) signed 20 hotel projects during the first quarter of FY27 as it continued expanding its portfolio under the company's 'Accelerate 2030' growth strategy. The Tata Group hospitality company also opened 11 hotels during the April-June quarter, taking its operational portfolio to more than 380 properties, while its development pipeline reached 263 hotels. Most of the new signings were across the Gateway, Ginger and Tree of Life brands, with projects spanning emerging destinations and established markets across India. The company said it remains on track to achieve a portfolio of 700 hotels by 2030, while also strengthening its international presence with two new Taj hotel openings in Germany and South Africa.Read more

08 Jul 2026

• L&T Finance plans to raise INR 1,000 crore through two bond issuances, comprising a reissue of its June 2031 securities and a fresh three-year-and-three-month bond.
• The company has proposed a yield of 7.98% on the reissued bonds and a 7.85% coupon on the new debt.
• The fundraising reflects continued reliance on the domestic bond market by NBFCs to diversify funding sources and support lending operations.
• The proposed issues are expected to attract institutional investors amid sustained demand for high-quality corporate debt.Read more

08 Jul 2026

Office space leasing across India's nine major cities increased 10% year-on-year to a record 45.5 million sq ft during the first half of 2026, according to CBRE. The performance was driven by sustained demand from Global Capability Centres (GCCs) and flexible workspace operators despite global economic uncertainty. Gross leasing by GCCs rose to 19.6 million sq ft, while co-working operators leased 11.1 million sq ft during the period. New office supply reached 32 million sq ft, the highest ever recorded for the first half of a calendar year. CBRE said demand remained broad-based across occupier categories, with tenants continuing to prioritise high-quality, sustainable and flexible office spaces.Read more

08 Jul 2026

• Prime Minister Shri Narendra Modi launched the Modified UDAN Scheme with an outlay of nearly INR 29,000 crore to strengthen regional air connectivity and aviation infrastructure over the next 10 years.
• The scheme aims to develop 100 aerodromes, 200 helipads and provide continued support for regional airport operations and airline connectivity across underserved areas.
• The Prime Minister also inaugurated the new terminal building at Jodhpur Airport, developed at a cost of INR 480 crore to cater to growing passenger demand.
• The initiatives are expected to enhance regional connectivity, promote tourism and trade, and support inclusive economic development in line with the vision of Viksit Bharat 2047.Read more

08 Jul 2026

The Airports Economic Regulatory Authority (AERA) is unlikely to extend the 25% reduction in landing and parking charges for domestic flights at major airports after the expiry of the three-month relief period, according to sources. The waiver, introduced in the past quarter following a directive from the Ministry of Civil Aviation, was intended to ease financial pressure on airlines amid disruptions arising from tensions in West Asia. Airport operators have not received any communication extending the concession, indicating that the reduced tariff has lapsed. The development comes after private airport operators sought the restoration of normal charges and requested permission to recover the revenue forgone during the concession period.Read more

08 Jul 2026

Bajaj Housing Finance has raised INR 1,500 crore through a bond issue with a tenure of three years and three months, attracting investor interest in the domestic debt market. The non-convertible debentures carry a coupon rate of 7.53% and were issued through the commitment bidding route. The fundraising comes amid sustained activity in India's corporate bond market, where highly rated financial institutions continue to tap debt markets for medium-term funding to support lending operations and business expansion.Read more

07 Jul 2026

Austria’s Supreme Court has upheld former billionaire Rene Benko’s conviction in one of the first criminal cases linked to the collapse of property group Signa, while ordering a retrial on a separate insolvency fraud charge. The ruling confirms one conviction involving a EUR 300,000 transfer to Benko’s mother but reopens proceedings over EUR 360,000 in rent-related payments. The lower court will now decide a fresh overall sentence after the retrial. The case is among several investigations arising from Signa’s collapse, Austria’s biggest corporate bankruptcy.Read more

07 Jul 2026

Prestige Estates Projects Ltd has acquired a 50% stake in Advent Convention and Hotels International Ltd (ACHIL) for up to INR 504 crore as part of its expansion strategy in the commercial real estate segment. The investment will support the joint development of a commercial project in Andheri East, Mumbai, spanning 21,978.22 square metres. The proposed development will offer approximately 1.50 million sq ft of leasable space and has an estimated gross development value (GDV) of INR 4,500 crore. The transaction was disclosed in a regulatory filing made in the past week. The acquisition comes after Prestige Estates reported a sharp increase in its annual profit and income, reflecting continued growth across its residential, commercial and hospitality businesses.Read more

07 Jul 2026

Swedish real estate company Trianon has signed a five-year lease agreement with home and kitchen retailer Cervera for a 400-square metre store at Burlov Center, located north of Malmö. The new outlet is expected to open later this year, taking the shopping centre's occupancy level to 94%. The agreement marks another step in Trianon's ongoing repositioning of Burlov Center, which has witnessed several new leasing deals and retail additions in recent years as part of a wider mixed-use redevelopment plan.Read more